@blockstack, decentralised computing network, has been approved by the SEC to hold the first regulated token offering under Reg A+. 👏 @muneeb What does it mean for a user controlled internet? 👇 https://t.co/yx2vtMsXP7
Game changer, expect more teams to take this route. I think this establishes a precedent for the industry moving forward.
It also shows the SEC isn't going out of its way to prevent crypto projects from taking the regulated route. https://t.co/cf0ZhzcnIm
Does it not seem a bit strange that blockstack hold an ico for accredited investors aka very wealthy investors and then, once it’s all said and done, the SEC grant clemency? Like how can the SEC deny one party safe passage while simultaneously denying another without clear guidance? It just seems more and more like they’re making it up as they go along. It’s a racket.
OMG their website is so annoying. I can't even see all of the apps. Their horizontal scrolling doesn't work. In any case, this is not Kin and I also don't think this is a good thing for crypto. Stop me if I'm wrong but the fact it's a security is great for their type of platform since people won't be spending it, but it's not good if this is their blanket policy. It would prevent tokens/coins from being spent as securities moving back and forth in microtransactions would be absolute hell to deal with.
I think this is a little misleading because they have been qualified as a security. If Kin wanted that they could have from the start, they wanted to be a currency. Also how is this going to work in their ecosystem as a security?
Blockstack uses blockchain technology. (I think DLT is the real tech here)
[PoW/PoS] and propably second layer solution for avoiding public blockchain general issues like network slowdown when the network gets overloaded with traffic what will raise transaction fees too
As far as i can tell now they are using their own network, but i think that looks a lot like ethereum. Ethereum is mentioned several times in their whitepaper. They don't worry about scalability because the only thing registrated on the blockchain is the name, the rest is stored offchain. This is not the same as Kin.
Kin is using Federated Bloclchain model
Blockchain Strategy Update: Introducing the Kin Federation
Yes as far as i can see, if they will grow ethereum is not going to work. They will have to find another solution just like Kin had to. But i still don't understand how they can be used as a currency in apps when their token distribution is a security. This is just smart marketing, first in compliance with the SEC, yeah as a security, what the crypto market does not want!!
well they are rewarding developers in a decentralized ecosystem of apps competing with some of the biggest names out there. if just a few of them figure it out they will own the cryptospace. in step 2 they can launch their own currency if they chose to
I’ve met Muneeb a few times. I think he is a great guy and that they have an ambitious vision. Blockstack is trying to build a dapp platform, similar to Ethereum or others.
At Kin we are building money for the digital world, which mainly runs inside centralized apps. So in my mind they are quite different.
On the legal side we did look at this option and found that it wasn’t viable.
I’ve met Muneeb a few times. I think he is a great guy and that they have an ambitious vision. I think Blockstack is trying to build a dapp platform, similar to Ethereum or others. Meanwhile at Kin we are building money for the digital world, which mainly runs inside centralized apps. So in my mind they are quite different.
On the legal side we did look at this option and found that is wasn’t viable.
Funny... all the token sales companies had to do was be nice and get along with the SEC and voila! It is granted and you are now legal! Cough! Cough! And by the way token sale opens tomorrow! Something is up...
They are a browser based company and all apps run off of the browser. It’s similar as far as they’re building an Ecosystem of apps but slightly different as how all the apps have to run through the browser.
switching that to mobile apps is not that difficult and browser based in many ways is better because it gets indexed by google and therefore the apps grow quicker. i said this from the beginning that there must be support for websites
After spending a few hours looking into them it's interesting however they don't seem to have the pull for users and usage that kin does...however the user side is focused on privacy which is a pull ...
Also their "ranking and rewards of top apps" is not very transparent at all.... It's a few agencies that decide who is popular....no detail I could see.